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As a discipline, political economy originated in moral philosophy, in the 18th century, to explore the administration of states' wealth, with "political" signifying the Greek word polity and "economy" signifying the Greek word "okonomie…

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^ • Giancarlo Corsetti (2008). "new open economy macroeconomics," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract. • Reuven Glick (2008). "macroeconomic effects of international trade," The New Palgrave Dictionary of…

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